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Italy is blind Monte de Baschi de Siena On Friday, the acquisition of all the largest local peers of 13.3 billion euros (13.95 billion dollars) launched Mediobanca.
The shares of Monte Dei Paschi (MPS) decreased by 5.74 % at 09:43 am London time, with Mediobanca increasing by 6.28 %.
23 of its shares are offered to 10 of the acquisition target, as the MEDIBANCA shares are estimated at 15.992 euros each, at 5 % of the near price of January 23.
The value of the shares of Monte de Baschi amounted to 8.7 billion euros as of the closure of January 23, while the market value in Mediobanca reached 12.3 billion euros, according to FactSet data.
CNBC has communicated with Mediobanca to comment.
Monte de Pashchi, the world’s oldest bank, requested the state to save the country in 2017 after years of broken losses, but turned its wealth under the leadership of the leadership Unicredit Veteran Luigi Luvaglio. The Italian government maintains a 11.73 % stake in the lender.
“The transaction can contribute to completing the dynamics of the Italian financial system, in the context of strong unification,” said Fabi Banking, Italian Federation, after the announcement of the offer, according to the translation of CNBC. “Representatives are historically moved in the center of complex events, in the direction of an ambition. The show confirms, among other things, that deputies have completely recovered.”
Friday’s offer adds to a picture of heating the appetite for integration and purchases in the banking and financial services sector in Italy, as it was previously offered to buy in the country in the country to buy. Banco BPMAnd, which in turn seeks to obtain the fund manager, Anima Holding. Monte de Baschi itself was a potential goal to acquire unicredit until the talks recently collapsed in 2021.
– Silvia Amaru and Gunish Rao of CNBC contributed to this report.
This urgent news story is updated.
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2025-01-24 09:50:00
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